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Saturday, September 10, 2011 4:50:08 PM
This is a partial repost and now I added to this and backed up with what I think will FORCE this Judge to do the right action. Due to this case being so fluid, I consistently look at both sides of the coin and analyze as this mess progresses to some form of an opinion soon.
I analyze both sides of the coin for board discussion, so for all of those naysayers you can save your “waffling” comments as most people would not care to read it. I have kept thinking about Walrath’s comment along with the recent Starke and Walrath debate over jurisdiction and other. The Judge’s quote has rung a bell with me finally but I could be off base. If not, this could be telling in a very positive way. I believe for all intensive purposes if the Judge were to sign this POS POR 6+, barring any immediate stay from a higher court, then WMI would be exiting chapter 11 in an extremely quick fashion with exception of final administrative purposes.
Now to my point, it would seem to me this Judge’s jurisdiction ends after WMI exits chapter 11 and almost “the world” gets released according to Rosie’s plan. With that said, the Judge’s opinion on insider trading may carry some weight but since this would be out of her jurisdiction, why would she be concerned with discovery. I would think she would ONLY be concerned with discovery and have jurisdiction IF she denied this plan, NOT if she approves this plan. If the Judges thought process was to issue full discovery on all four Horsies, then it would seem to me the only way this could/would happen is if she denies. If I am missing something here, with all due respect please inform the board.
The more I think about how fluid this case is and the more time that goes by the more evidence comes to light. This along with opinions decided in cases that are totally in Equities favor. There is no doubt in my mind this Judge has done everything in her power to protect JPM but as messy as this case is getting, it is becoming very obvious to many more people how really corrupt this whole case has been. I feel if nothing else forces this Judge to do the right action, the actions that TPS/Equity have possibly alluded to during court discussion will force the CORRECT hand from this Judge. I know this term was never threatened directly in court by TPS/Equity, but there is no mistaken in the mind of the Judge what WILL happen from TPS/Equity, should this Judge decide to approve this mess in any way. The following term (Writ of Prohibition) is the term that I think will save us and this Judge is most afraid of. Read this term in its entirety and think what this Judge would think if she dared approve.
http://en.wikipedia.org/wiki/Writ_of_prohibition
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